Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty

U.S. Minerals Sector Recovering

WASHINGTON, Jan. 31 (UPI) — With the U.S. economy slowly emerging from an economic recession, the USGS estimated the value of U.S. mineral production increased 12 percent last year.

Major world economies were hammered by an economic recession that began December 2007. More than four years on, the Organization of Petroleum Exporting Countries, in its monthly report for January, warned trouble in the European economic could drag on global markets.

Nevertheless, the U.S. Geological Survey said the value of U.S. mineral production increased 12 percent in 2011 compared with 2010 levels. The agency said metals accounted for much of the increase. The non-metallic mineral sector increased 3 percent, the first increase since 2007, the USGS said.

Non-fuel minerals mined in the United States were valued at $74 billion in 2011. USGS Director Marcia McNutt said domestically recycled metallic and mineral materials contributed $32 billion to the U.S. economy in 2011.

The agency said, however, that the U.S. economy depends on foreign sources to meet most of its domestic mineral demand. Domestic raw materials and recycled materials were used last year to produce mineral materials worth $633 billion, the USGS said.

UPI - United Press International, Inc.

Since 1907, United Press International (UPI) has been a leading provider of critical information to media outlets, businesses, governments and researchers worldwide.

Facebook Conversations

Join the Discussion:
View Comments to “U.S. Minerals Sector Recovering”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at


Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.